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OK SB1314
Bill
AI Summary
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Amends 68 O.S. 2001, Section 5011 to modify the Oklahoma Sales Tax Relief Act by increasing tax relief payments for eligible seniors.
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Seniors aged 65 or older with gross household income not exceeding $25,000 become eligible for $80 per allowable personal exemption (increased from $40).
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All other eligible claimants continue to receive $40 per allowable personal exemption under the existing program.
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Income thresholds for filing claims remain unchanged at $20,000 for individuals with no dependents and $50,000 for those with dependents or disabilities.
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Effective date: January 1, 2011.
Legislative Description
Revenue and taxation; modifying amount of payment for specified claimants under Oklahoma Sales Tax Relief Act. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010